Seoul – October 25, 2019 – The Global Green Growth Institute (GGGI) Assembly and Council yesterday adopted the organization’s ten-year strategy to build a low-carbon, resilient world of strong, inclusive and sustainable growth.
Assembly and Council delegates from GGGI’s 36 Member countries approved Strategy 2030 during the 8th Session of the Assembly and 12th Session of the Council on October 24, 2019.
Strategy 2030 lays out GGGI’s vision and priorities to support its members achieve their green growth aspirations, particularly to set and achieve ambitious NDCs for the Paris Agreement and meet their Sustainable Development Goal targets.
The Strategy 2030 optimum scenario sees GGGI’s country programs growing to 50 by 2030, while innovations in programs and business processes together with strategic partnerships and alliances will allow for the scaling-up of impacts. The operational budget is expected to grow from USD 56 million to reach USD 110M per annum in 2030. At this scale, GGGI targets to mobilize over USD 16 billion in green and climate finance for its Member countries, contribute to reducing GHG emissions by an estimated 1.6 Gigaton of CO2e, generate 4 million green jobs, provide enhanced adaptation capacity services to 16 millions people, protect 20 million hectares of natural capital and provide sustainable services to 500 million people in GGGI’s Member countries.
The implementation of Strategy 2030 will be guided by a 5–year Action Plan that will articulate the strategic focus, operational and programmatic priorities, and necessary support requirements to deliver it.
“The Paris Agreement and the SDGs are well featured in the Strategy. It will help countries implement their targets and goals,” said Fatina Mukarubibi, Permanent Secretary of the Ministry of Environment of Rwanda.
The joint session of the GGGI Assembly and Council was held on the last day of Global Green Growth Week 2019, which was held in Seoul and focused on renewable energy and transitions to low-carbon, inclusive economies.
Watch what other GGGI Member countries had to say about Strategy 2030 here: https://www.youtube.com/user/GGGIMedia/featured